Liberty Latin America (NASDAQ:LILA) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.69 and traded as high as $6.78. Liberty Latin America shares last traded at $6.70, with a volume of 322,965 shares traded.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded Liberty Latin America from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $6.50 in a report on Tuesday, February 25th.

Liberty Latin America Stock Performance

The firm’s fifty day moving average is $6.69 and its 200 day moving average is $7.96. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.01 and a beta of 1.03. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.04 and a quick ratio of 1.06.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 18,011 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $6.12 per share, with a total value of $110,227.32. Following the purchase, the director now directly owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. This trade represents a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.35% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds have recently added to or reduced their stakes in LILA. KLP Kapitalforvaltning AS acquired a new stake in Liberty Latin America in the fourth quarter valued at approximately $37,000. EntryPoint Capital LLC bought a new position in shares of Liberty Latin America during the 4th quarter valued at $69,000. Intech Investment Management LLC acquired a new stake in shares of Liberty Latin America in the 3rd quarter valued at $104,000. Marshall Wace LLP bought a new stake in Liberty Latin America in the fourth quarter worth $77,000. Finally, Price T Rowe Associates Inc. MD increased its position in Liberty Latin America by 12.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock worth $80,000 after buying an additional 1,422 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.